FNB Corp shareholders approve board nominees and executive pay

In a recent 8-K filing with the SEC, FNB Corporation (NYSE:FNB) announced the outcomes of shareholder votes at their annual meeting held on Tuesday, May 7, 2025. The company, which is incorporated in Pennsylvania, reported the election of all eleven board director nominees, the adoption of an advisory resolution on executive compensation, and the ratification of Ernst & Young LLP as their independent registered public accounting firm for the year 2025.

The director nominees were elected with a majority of votes, with percentages ranging from 95.38% to 99.40% in favor. Pamela A. Bena received the highest percentage of favorable votes at 97.10%, while the lowest was William J. Strimbu at 95.38%. Votes withheld ranged from 0.60% to 4.62%, and the number of broker non-votes was consistent across all nominees at 29,134,963.

The advisory resolution to approve the 2024 compensation of FNB Corporation’s named executive officers passed with a significant majority, garnering 91.26% of the votes in favor. Votes against the resolution accounted for 8.74%, and abstentions were minimal. InvestingPro analysis reveals that despite recent market volatility, FNB maintains a FAIR overall financial health score, with particularly strong marks in relative value and profitability metrics.

Additionally, the appointment of Ernst & Young LLP as the company’s independent auditor for 2025 was ratified with an overwhelming majority vote of 98.52% in favor, 1.48% against, and a small number of abstentions.

The filing, which provides detailed voting results for each proposal, reflects the shareholders’ support for the company’s board and executive compensation policies. It also indicates continued confidence in Ernst & Young LLP’s role as the independent auditor for FNB Corporation.

The results of the annual meeting are based on the information provided in the SEC filing by FNB Corporation, a financial services entity headquartered in Pittsburgh, PA. The filing was submitted on Monday, May 12, 2025.

In other recent news, F.N.B. Corporation reported strong first-quarter 2025 earnings, surpassing expectations with earnings per share (EPS) of $0.32 against a forecast of $0.30 and revenue reaching $411.61 million, slightly above the anticipated $410.22 million. The company maintained its 2025 earnings outlook, despite uncertainties related to tariffs, and experienced a 3.92% rise in stock value following the announcement. Analysts from DA Davidson adjusted their price target for F.N.B. Corporation to $17.00 from $19.00, maintaining a Buy rating, while Raymond (NSE:RYMD) James cut their target to $15.00 but upheld an Outperform rating. Keefe, Bruyette & Woods upgraded F.N.B. Corporation’s stock rating from Market Perform to Outperform, citing limited downside risk and maintaining a price target of $16.50. The company’s robust financial health was highlighted by stable credit metrics, loan growth, and resumed share repurchases, alongside strategic initiatives such as digital banking expansion and the acquisition of Raptor Partners. F.N.B. Corporation projects mid-single-digit growth in loans and deposits for the full year, emphasizing its strong risk management and diverse revenue streams.

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